Ducommun Q1 revenue up 5.3% to $190.8M; gross margin expands 430 bps

DUCOMMUN INC /DE/

2024-Q1 EPS reported $0.46 revenue$190,847,000

Q1 net revenue $190.8M (+5.3% YoY); net income $6.8M ($0.46 diluted EPS) vs $5.2M ($0.42).
Gross margin 24.6% (up 430 bps); adjusted EBITDA $27.4M (14.4% revenue, +170 bps).
Electronic Systems revenue $107.5M (+1.8% YoY); segment operating income $19.0M (17.6% rev.).
Structural Systems revenue $83.3M (+10.2%); operating income $2.9M (3.4% rev.) vs $4.7M last year.
CEO cites strong commercial aerospace demand; BLR acquisition added $5.5M to SG&A.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DUCOMMUN INC /DE/ reported first quarter ended March 30, 2024 results: revenue $190.8 million, net income $6.8 million, or $0.46 per diluted share, EPS $0.46 per diluted share.

Period: first quarter ended March 30, 2024
Revenue: $190.8 million
Net income: $6.8 million, or $0.46 per diluted share
EPS: $0.46 per diluted share
Result: reported results

Exact text from the filing

– Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) today reported results for its first quarter ended March 30, 2024. First Quarter 2024 Recap • Net revenue was $190.8 million, an increase of 5.3% over Q1 2023 • Net income of $6.8 million, or $0.46 per diluted share, or 3.6% of revenue, up 70 bps year-over-year • Non-GAAP adjusted net income of $10.4

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Source: SEC EDGAR

accession 0001628280-24-021348

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